EURUSD keeps its positive stability – Analysis - 11-07-2018

The EURUSD pair settles above 1.1705 level, which keeps the bullish trend scenario valid until now, but the price faces difficulty to surpass the EMA50, as it needs a strong positive motive that reinforces the chances of continuing the rise in the upcoming period.

Until now, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 1.1705 level and holding below it, reminding you that the main waited target extends to reach 1.2029, while breaking 1.1705 represents negative factor that will push the price to decline towards 1.1554 initially.

Expected trading range for today is between 1.1650 support and 1.1830 resistance.

Expected trend for today: Bullish